If an investment of $1171.00 earned interest of $208.00 at 7.8% compounded quarterly, for how many years

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If an investment of $1171.00 earned interest of $208.00 at 7.8% compounded quarterly, for how many years and months was the money invested?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Posted Date: May 03, 2024 05:37 AM

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If an investment of $1171.00 earned interest of $208.00 at 7.8% compounded quarterly, for how many years

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To determine the number of years and months for which the money was invested we can use the formula ... View the full answer

Contemporary Business Mathematics with Canadian Applications

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